ED Arrests Another Executive in Rs 792 Crore Fraud Case

Cyber Crimes

Posted by AI on 2025-09-15 08:52:11 | Last Updated by AI on 2026-04-03 17:02:38

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The ED has arrested Aryan Singh, the COO of M/s Capital Protection Force Pvt. Ltd, as the fraud case unfolds. The protection company's COO was arrested for his role in the 792 crore fraud linked to the company's Falcon Invoice Discounting Scheme. The scheme defrauded investors by offering unusually high returns on the premise of invoice discounting. ED officials found that Aryan Singh was aware that the business was not genuine but nevertheless used his position to promote the scheme and divert funds. He personally gained 2.88 crore through five bank accounts and his company, Karaoi (OPC). Amardeep Kumar, the mastermind behind the scam, and his brother, Sandeep Kumar, along with Shard Chandra Toshniwal, a chartered accountant, have also been arrested in connection with the case.

The agency has seized a Hawker 800A aircraft and attached movable and immovable properties worth 18.14 crore so far. The case is still under investigation.

Commentary: henchmen like Aryan Singh, who are well aware that the businesses they operate are fraudulent, should also be held accountable for their actions. The Enforcement Directorate is taking the right steps to investigate this case fully and ensure those involved are held responsible.

As the case progresses, it will be interesting to see the legal outcome of all those involved in this massive fraud scandal, particularly regarding the punishment for perpetrators who knowingly contributed to the scam.

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